UOB delivers numerous property financial loan deals for HDB flat homeowners, offering an alternative to the HDB Concessionary Loan. Their choices incorporate equally set-level and floating-amount packages, which are normally pegged on the three-Month Compounded SORA. For example, a advertising offer may provide a level of 3-Thirty day period Compounded SORA + 0.70% p.a. for the 1st two a long time, having a minimum amount bank loan size of S£250,000. For a hard and fast-fee choice, fees could be as little as 2.28% for your two-year lock-in period of more info time. Eligibility for a UOB bank loan is subject to Assembly the full Debt Servicing Ratio (TDSR) of 55% and other credit score prerequisites. UOB also offers a singular "Go Inexperienced Home Mortgage" for Houses with a BCA Eco-friendly Mark certification, giving cash rebates. Furthermore, They are really noted for a reduced valuation price of just S£one hundred fifty moreover GST and supply a bridging loan option for homeowners transitioning among Homes.